Independent production company RadioactiveGiant has acquired the rights to develop, produce and distribute “Miskatonic,” a feature film inspired by the works of horror fiction icon H.P. Lovecraft, Variety said.

“Miskatonic” was created in the Lovecraft tradition of dark fantasy, science fiction and horror. Lovecraft repeatedly used the fictional and prestigious Miskatonic University, located in a Massachusetts and named after the fictional Miskatonic River, with its first appearance in Lovecraft’s 1922 story “Herbert West–Reanimator.”

Albert Sandoval and Daemon Hillin will produce. Sandoval will also direct from a script by Devlin Mann and Stephen Dare.

Radioactive Giant recently completed principal photography on “By the Rivers of Babylon,” starring Crispin Glover, Connie Stevens, Joely Fisher and Mark Boone Junior. Sandoval also directed.

RadioactiveGiant is planning production of “Miskatonic” for late 2015 to early 2016.

“This is the kind of project that has everything I love about storytelling and filmmaking,” Sandoval said of “Miskatonic.”